As in previous years, several large lenders have announced increases to conforming loan limits ahead of the FHFA’s official release. However, this time there’s a risk that some lenders overshot where conforming loan limits will be set in 2025.

Originations of non-agency jumbo mortgages increased by nearly 60% on a sequential basis in the second quarter. (Includes data table.)

Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.

Redwood Trust’s profits declined from the first to the second quarter, while loan locks and funding reached new highs.

Select Portfolio Servicing added more servicing volume from non-agency MBS than Shellpoint Mortgage Servicing in the second quarter. (Includes data table.)

Jumbo MBS issuance is off to a strong start in the third quarter, with five deals marketing within the past two weeks.

More high net-worth consumers are shunning jumbo mortgages and purchasing luxury homes in all-cash deals.

EquiFi hires new leadership for mortgage division; Encompass Lending to use FICO Score 10T; LoanStream announces July pricing special; Change Lending appoints new CFO.

Proposed regulatory changes on bank deposits have led to an increase in partnerships between Redwood Trust and depositories.

Three prime non-agency MBS hit the market this week, largely with loans that were eligible for sale to the GSEs. Two expanded-credit deals also started marketing.